# Garrett Company has the following transactions during the months of April and May: Date Transaction Units...

###### Question:

Garrett Company has the following transactions during the months of April and May:

Date Transaction Units Cost/Unit April 1 Balance 500 17 Purchase 200 $5.30 25 Sale 150 28 Purchase 100 5.70 May 5 Purchase 250 5.30 18 Sale 300 22 Sale 50 The cost of the inventory on April 1 is$5, $4, and$2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.

Required: 1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives:

FIFO periodic Cost of Goods Sold Ending Inventory April  May  FIFO perpetual Cost of Goods Sold Ending Inventory April  May  LIFO periodic Cost of Goods Sold Ending Inventory April  May  LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory April  May  Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April  May  Moving average (Round unit costs to 2 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April  May  2. Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "0". April Cost of Goods Sold Ending Inventory Difference  May Cost of Goods Sold Ending Inventory Difference  0

##### Let f(t) be a function on [0, 0). The Laplace transform of fis the function F...
Let f(t) be a function on [0, 0). The Laplace transform of fis the function F defined by the integral F(s) = S e-stat)at. Use this definition to determine the Laplace transform of the following function. 0 € 5 0<t<3 f(t) = 2 3<t 2 and F(s) = 3+ - 15 otherwise The Laplace transform of f...
Please help for question e My Notes Ask Your Teacher 5/6 points Previous Answers the positive direction of an x axis by cistance d sinusoldal wave moving along a string is shown twice in Flgure 16-32, as crest A travels I 1.30 cm in 84.0 ms. The tick marks along the axis are separated by 1.0 cm 6,0 ...
##### Identify and describe the sorts of qualifications do you think are necessary to be an effective and enlightened states person in modern American politics?
Identify and describe the sorts of qualifications do you think are necessary to be an effective and enlightened states person in modern American politics?...
##### What is integration?
What is integration?...
##### How do you determine ionic size?
How do you determine ionic size?...
##### Classify each image as showing a pure element, a pure compound, a mixture of two elements,...
Classify each image as showing a pure element, a pure compound, a mixture of two elements, or a mixture of an element and a compound Pure element Pure compound Mixture of two elements Mixture of an element and a compound Answer Bank...
##### Personal Assistant Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook...
Personal Assistant Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2017 included these data: m (Click the icon to vi...